• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Do Kwon's Extradition: The US Wins the Battle for the Terraform Labs Co-Founder

user avatar

by Giorgi Kostiuk

3 months ago


Montenegro officially extradited Do Kwon, co-founder of Terraform Labs, to the United States, marking the end of a year-long legal battle between South Korea and the US.

The Extradition Details

On December 31, 2024, Montenegrin police handed Do Kwon over to FBI officers at the Podgorica Airport. Prime Minister Milojko Spajić confirmed the transfer, stating that Kwon would face charges in the United States. This decision followed Justice Minister Bojan Božović's rejection of South Korea's extradition request.

Legal Battles and the Terra/Luna Collapse

Do Kwon's troubles began with the collapse of the TerraUSD stablecoin and its sister token Luna in May 2022, sparking global outcry and leading to charges of fraud and market manipulation by authorities in the US and South Korea.

Arrest and Prolonged Legal Saga

After months in hiding, Kwon was arrested in Montenegro in March 2023 for attempting to travel with forged passports. Montenegrin courts deliberated on the case for over a year. Eventually, Montenegro prioritized the US extradition request.

The extradition of Do Kwon marks a significant milestone in international cooperation on extradition and justice, underscoring the importance of global efforts in combating financial crimes.

0

Share

Other news

Troller Cat – Challenging Dogecoin and Shiba Inu in the Meme Coin Game

Troller Cat challenges Dogecoin and Shiba Inu, bursting onto the scene as a promising new token in the meme cryptocurrency world.

user avatarGiorgi Kostiuk

4 minutes ago

Troller Cat: A Meme Coin That Could Succeed in 2025

Troller Cat ($TCAT) offers unique opportunities in the meme cryptocurrency market, including rumors of a new game center.

user avatarGiorgi Kostiuk

14 minutes ago

Best Long-Term Cryptos to Watch: BlockDAG, Aptos, Shiba Inu, and Dogecoin

Overview of cryptocurrencies with growth potential - BlockDAG, Aptos, Shiba Inu, and Dogecoin.

user avatarGiorgi Kostiuk

15 minutes ago

Launch of Lens Chain: A New Era for Decentralized Social Media

Lens Protocol has launched Lens Chain, its blockchain network that supports decentralized social media applications.

user avatarGiorgi Kostiuk

24 minutes ago

Altcoin Crash 2025: Reasons and Consequences of the Sharp Price Drop

On April 1, 2025, altcoins experienced a sharp price drop. Learn about the reasons and consequences of this event.

user avatarGiorgi Kostiuk

25 minutes ago

Sei's Price Decline Continues Amidst Active Ecosystem Development

In just one month, Sei's total value locked increased by 70%, even as token prices drop and approach all-time lows.

user avatarGiorgi Kostiuk

26 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.